Colliers Int’l arranges SPS Commerce relocation
Little Falls, NJ — As the leasing agent for ownership at Overlook Corporate Center, Colliers International has arranged a long-term, 25,000 s/f lease for supply chain management solutions company SPS Commerce at 150 Clove Rd. in Little Falls. The new transaction aligns with ownership’s ongoing multimillion-dollar, amenity-rich enhancement initiative at the 415,000 s/f, class-A office building, which is set for completion in the first quarter of 2016.
“The addition of SPS Commerce continues robust leasing activity at the trophy property as ownership moves into the next stage of its extensive enhancement program with the full renovation of its lobby and elevator cabs,” said Richard Mirliss, executive managing director at Colliers International, who along with colleagues executive managing director Richard Madison, associate Jack Callahan, and associate Alexander Vitro, represent ownership, Theta Holding Company, LP. “Overlook Corporate Center’s direct access to the Montclair State University train station –– via shuttle service provided by ownership –– was a driving factor for SPS Commerce, whose staff is largely comprised of millennials who rely on public transportation,” Madison added. “With new amenities including a state-of-the-art conference center and a fully equipped fitness center, both of which will open this month, the property is a prime option for a diverse array of tenants, particularly those looking to attract and retain millennial talent.”